The global isopropanol market is valued to be US$ 3.4 billion in 2023 and it is anticipated to grow at a CAGR of 2.5% to reach US$ 4.3 billion by the end of 2033. Global consumption of isopropanol is set to reach over 4,160.2 kilo tons by 2033 end which amounts to around 1% share of the global organic chemical consumption.
Over the past-half decade, isopropanol has gained immense significance as an effective solvent across various industrial sectors in light of its complete miscibility in most of the solvents including water. Isopropanol has been deemed as an accurate solvent for compounds such as natural & epoxy resins, alkaloids, ethyl cellulose, and essential oils.
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The readability score of the Isopropanol Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Isopropanol market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Isopropanol along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive Landscape:
Prominent isopropanol manufacturers are Dow Chemical Company, Exxon Mobil Corporation, Shell Chemicals, Mitsui Chemicals, Inc, Tokuyama Corporation, LG Chem Ltd., Perrigo Company plc, Sasol Limited and Lyondell Basell Industries N.V.
IPA shortages are witnessed in the semiconductor industry, to fill the supply demand gap, manufacturers are focusing on the construction of new isopropanol production plants. Additionally, isopropanol manufacturers pushing for long terms supply contracts, since, they understand the likelihood of price correction during next two years.
The manufacturers rely on access to international markets or are planning to increase investments on offshore operations might find themselves on the receiving end. Pressure has continued to build on review and modernization of NAFTA (North America Free Trade Agreement) to boost job creation and economic growth in the region.
Fact.MR has provided detailed information about the price points of key manufacturers of isopropanol positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Isopropanol Industry Research:
· By Grade Type :
- Technical Grade
- Direct Solvent Grade
- Chemical Derivatives Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Electronic Grade
· By Manufacturing Process :
- Indirect Hydration of Propylene
- Direct Hydration of Propylene
- Catalytic Hydrogenation of Acetone
· By Primary Function :
- Dissolving Agent
- Cleaning & Drying Agent
- Disinfectant
- Anti – freezing Agent
- Synthetic Flavoring Adjuvant
- Antiseptics
- Anti-adhesives
- Others
· By Application :
- Pharmaceuticals
- Homecare
- Cosmetic & Personal Care
- Chemical Intermediates
- Electronics
- Others
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Isopropanol include:
- What is the key strategy deployed by large players to maximize Isopropanol Market growth?
- What are the main challenges faced by players in the Isopropanol market Demand?
- With the advent of technological advancement, how will the Isopropanol market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Isopropanol market size?
How will be insights and market estimations provided in the Fact.MR report on the Demand of Isopropanol make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Isopropanol Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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